EFG Asset Management North America Corp. Purchases 7,193 Shares of SPS Commerce, Inc. (NASDAQ:SPSC)

EFG Asset Management North America Corp. grew its position in SPS Commerce, Inc. (NASDAQ:SPSC) by 59.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,371 shares of the software maker’s stock after buying an additional 7,193 shares during the quarter. EFG Asset Management North America Corp. owned 0.05% of SPS Commerce worth $3,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPSC. Barclays PLC raised its position in SPS Commerce by 209.6% during the third quarter. Barclays PLC now owns 66,387 shares of the software maker’s stock valued at $12,890,000 after purchasing an additional 44,946 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of SPS Commerce by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 481,416 shares of the software maker’s stock valued at $88,576,000 after purchasing an additional 16,272 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of SPS Commerce by 2.0% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,690 shares of the software maker’s stock worth $1,047,000 after buying an additional 110 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of SPS Commerce during the 3rd quarter worth $1,809,000. Finally, JPMorgan Chase & Co. boosted its stake in SPS Commerce by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 254,439 shares of the software maker’s stock valued at $49,404,000 after buying an additional 104,210 shares in the last quarter. Institutional investors own 98.96% of the company’s stock.

Insider Buying and Selling

In other SPS Commerce news, CFO Kimberly K. Nelson sold 9,290 shares of SPS Commerce stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $184.68, for a total transaction of $1,715,677.20. Following the completion of the transaction, the chief financial officer now owns 156,292 shares in the company, valued at approximately $28,864,006.56. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the sale, the executive vice president now directly owns 1,367,584 shares of the company’s stock, valued at approximately $202,429,783.68. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock valued at $6,613,078 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

SPS Commerce Stock Up 4.0 %

Shares of NASDAQ:SPSC opened at $135.31 on Tuesday. The firm has a market cap of $5.11 billion, a P/E ratio of 66.33 and a beta of 0.92. SPS Commerce, Inc. has a 12-month low of $122.58 and a 12-month high of $218.61. The business has a fifty day simple moving average of $156.37 and a 200 day simple moving average of $176.80.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. As a group, equities research analysts expect that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Wall Street Analyst Weigh In

SPSC has been the subject of several research analyst reports. Needham & Company LLC lowered their target price on SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Robert W. Baird lowered their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus cut their target price on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 11th. Northland Securities reaffirmed a “market perform” rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Finally, Citigroup dropped their price target on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, SPS Commerce currently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.